Cheap car insurance in Colorado

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Colorado

Car insurance quick facts

25/50/15

Minimum liability requirements

$1450

Average annual car insurance cost

30

Days to update your license

At-fault state

In at fault states, the driver who caused the accident pays for damages.

Average car insurance costs for drivers in Colorado

In Colorado the average annual cost for auto insurance ranges from $1,200-1,450 — and you can probably expect to pay a price somewhere in that range. However, because costs tend to vary so much between insurance providers and individual drivers, you could just as easily fall outside that range.

Which city has the cheapest car insurance in Colorado?

Of Colorado’s largest cities, Greeley has the cheapest rates and Aurora has the most expensive car insurance rates. Aurora drivers could face rates 10 times more than Greeley drivers.

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State minimum requirements in Colorado

In order to drive legally in Colorado you’ll need liability insurance, which includes:

$25,000 per person for bodily injury.

$50,000 per accident for bodily injury.

$15,000 per accident for property damage.

When shopping for car insurance, you’ll sometimes see this written as 25/50/15.

Uninsured motorists coverage protects you if you get into a car accident with someone who is at–fault for the accident but doesn’t carry insurance. Some states require that you carry this type of insurance. Colorado is an opt–out state, so insurance companies are required to offer you uninsured motorist (UM/UIM) coverage, but you can sign a waiver to deny it. In 2008, Colorado expanded their restrictions on insurance companies to also require that they offer UM/UIM coverage in the same amounts that you select for bodily injury liability limits.

Roadside assistance in Michigan

Many insurers offer roadside assistance as an optional extra, and a few offer it free, typically when you buy collision and comprehensive coverage. Colorado’s mountains are lovely to look at but not always great to drive through. Mountain conditions can make driving a nightmare, especially in winter, when you could find yourself navigating potholes, snow and black ice. Roadside help can get you out of a bad situation faster and without the hassle.

Which cars are most likely to be stolen in Colorado?

Wondering if you should get comprehensive coverage to cover car theft? 15,000 cars are stolen each year in Colorado, compared to 250,000 nationwide. According to a 2018 report by The John Smith Insurance Agency, the most stolen models are typically the most popular in the state, including:

WAAIP assigns you an affordable provider in its network of insurance companies. Any extra risks you pose to the insurer are negated by spreading it out across the network of participating companies.

Can I get SR-22 insurance in Colorado?

You might need an SR-22 in Colorado if you’ve gotten a DUI, lost your license or have too many points on your driving record. SR-22 tells the state you have the minimum coverage required to get back behind the wheel. You’ll be notified by your state DMV if you’re required to file an SR-22.

Bottom line

Minimum car insurance requirements in Colorado can be affordable if you’re willing to shop around and compare providers, policies, discounts and rates. Plus, given Colorado’s substantial consequences for uninsured drivers, it hardly makes sense to go without auto insurance.

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Frequently asked questions about car insurance in Colorado

Depending on your car insurance provider, you may be able to keep your plan when moving into Colorado. Contact your insurance agent for more information on moving policies.

It could: Your car insurance has the right to cancel your policy at any time. But most providers reserve cancellation for policyholders who file multiple claims in a short time or engage in risky driving behaviors that result in multiple tickets or DUI/DWIs. You will typically receive notice from your car insurance company before it plans to cancel your policy.

Your rates may increase if you file a claim through your car insurance — insurance companies reserve the right to to cancel your policy at any time. But most providers reserve cancellation for policyholders who file multiple claims in a short time or engage in risky driving behaviors that result in multiple tickets or DUI/DWIs. You will typically receive notice from your car insurance company before it plans to cancel your policy.

Colorado participates in the Western Association of Automobile Insurance Plans (WAAIP), which helps high-risk drivers find car insurance. If you’re a high–risk driver, ask an insurance agent to help you apply. However, WAAIP policies tend to be much more expensive than typical insurance rates, so make sure that you’ve looked into your other options before deciding to use WAAIP.

Which car insurance provider is best for me?

Looking to save on car insurance? Answer these three questions to find a provider that best fits your needs and budget.

Jing Jun Ma is an innovations expert at Finder. With a decade of experience in digital marketing and programming, Jing is a tech and data guy. He wrangles data to make it useful for consumers facing a decision.

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